CBRDX vs. KIO

Last updated Jun 23, 2026

CBRDX (CrossingBridge Responsible Credit Fund) and KIO (KKR Income Opportunities Fund) are both Multisector Bonds funds. Over the past 3 years, CBRDX returned 5.84%/yr vs 10.75%/yr for KIO. At a 0.25 correlation, their price movements are largely independent. CBRDX charges 0.89%/yr vs 0.04%/yr for KIO.

Performance

CBRDX vs. KIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrossingBridge Responsible Credit Fund (CBRDX) and KKR Income Opportunities Fund (KIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBRDX achieves a 0.16% return, which is significantly lower than KIO's 2.88% return.

CBRDX

• 1D: -0.56%
• 1M: -0.03%
• YTD: 0.16%
• 6M: 0.20%
• 1Y: 3.29%
• 3Y*: 5.84%
• 5Y*: —
• 10Y*: —

KIO

• 1D: -0.27%
• 1M: 0.46%
• YTD: 2.88%
• 6M: 2.97%
• 1Y: 2.86%
• 3Y*: 10.75%
• 5Y*: 3.67%
• 10Y*: 7.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CBRDX vs. KIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CBRDX CrossingBridge Responsible Credit Fund	0.16%	5.01%	7.21%	8.00%	1.49%	1.14%
KIO KKR Income Opportunities Fund	2.88%	-2.49%	18.45%	31.53%	-28.25%	5.70%

Correlation

The correlation between CBRDX and KIO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.25

The correlation between CBRDX and KIO shifts across timeframes, from 0.08 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CBRDX vs. KIO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBRDX

CBRDX Risk / Return Rank: 58
CBRDX Sharpe Ratio Rank: 48
CBRDX Sortino Ratio Rank: 43
CBRDX Omega Ratio Rank: 80
CBRDX Calmar Ratio Rank: 76
CBRDX Martin Ratio Rank: 42

KIO

KIO Risk / Return Rank: 4
KIO Sharpe Ratio Rank: 5
KIO Sortino Ratio Rank: 4
KIO Omega Ratio Rank: 5
KIO Calmar Ratio Rank: 4
KIO Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBRDX vs. KIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Responsible Credit Fund (CBRDX) and KKR Income Opportunities Fund (KIO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CBRDX	KIO	Difference
Sharpe ratio: Return per unit of total volatility	1.88	0.29	+1.59
Sortino ratio: Return per unit of downside risk	2.54	0.47	+2.07
Omega ratio: Gain probability vs. loss probability	1.48	1.06	+0.42
Calmar ratio: Return relative to maximum drawdown	3.26	0.26	+3.00
Martin ratio: Return relative to average drawdown	8.55	0.57	+7.98

CBRDX vs. KIO - Sharpe Ratio Comparison

The current CBRDX Sharpe Ratio is 1.88, which is higher than the KIO Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of CBRDX and KIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CBRDX vs. KIO - Drawdown Comparison

The maximum CBRDX drawdown since its inception was -2.46%, smaller than the maximum KIO drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for CBRDX and KIO.

Drawdown Indicators

	CBRDX	KIO	Difference
Max Drawdown Largest peak-to-trough decline	-2.46%	-43.87%	+41.41%
Max Drawdown (1Y) Largest decline over 1 year	-1.05%	-11.01%	+9.96%
Max Drawdown (3Y) Largest decline over 3 years	-2.46%	-22.85%	+20.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.87%	—
Current Drawdown Current decline from peak	-1.05%	-8.41%	+7.36%
Average Drawdown Average peak-to-trough decline	-0.35%	-8.08%	+7.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	5.06%	-4.66%

Volatility

CBRDX vs. KIO - Volatility Comparison

The current volatility for CrossingBridge Responsible Credit Fund (CBRDX) is 0.68%, while KKR Income Opportunities Fund (KIO) has a volatility of 2.27%. This indicates that CBRDX experiences smaller price fluctuations and is considered to be less risky than KIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBRDX	KIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	2.27%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	1.35%	7.74%	-6.39%
Volatility (1Y) Calculated over the trailing 1-year period	1.82%	10.04%	-8.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.07%	13.18%	-11.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.07%	16.37%	-14.30%

CBRDX vs. KIO - Expense Ratio Comparison

CBRDX has a 0.89% expense ratio, which is higher than KIO's 0.04% expense ratio.

Dividends

CBRDX vs. KIO - Dividend Comparison

CBRDX's dividend yield for the trailing twelve months is around 6.63%, less than KIO's 13.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBRDX CrossingBridge Responsible Credit Fund	6.63%	7.52%	8.57%	8.57%	6.67%	1.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KIO KKR Income Opportunities Fund	13.04%	12.58%	10.90%	11.32%	11.44%	7.45%	10.12%	9.51%	10.53%	9.66%	9.92%	10.81%

Frequently Asked Questions

Can I hold both CBRDX and KIO in my portfolio?

CBRDX and KIO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CBRDX or KIO?

KIO has higher volatility (2.27%) compared to CBRDX (0.68%). In terms of maximum drawdown, CBRDX dropped -2.46% vs KIO's -43.87%.

Which has better risk-adjusted returns?

CBRDX currently has the higher Sharpe Ratio (1.88 vs 0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.